Spark price
in USD$0.0558
+$0.0087 (+18.47%)
USD
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Market cap
$97.25M #135
Circulating supply
1.74B / 10B
All-time high
$0.19354
24h volume
$231.43M


About Spark
Spark’s price performance
Past year
--
--
3 months
+47.58%
$0.04
30 days
-13.20%
$0.06
7 days
-6.47%
$0.06
Spark in the news
Partnership targets deep liquidity for PayPal USD on SparkLend, with $100M already deposited
Markets brace for a widely expected Fed rate cut on Sept. 17, with history suggesting near-term turbulence but longer-term gains for risk assets and gold.
Token faces critical support test amid massive liquidations and weakening institutional demand across major exchanges.
CME open interest and futures premiums have slumped this year. Looser monetary policy may change the picture.
Spark on socials

Crypto Morning Report * Important information not to be missed daily * September 26, 2025
1. The U.S. second-quarter GDP has been significantly revised up to a growth of 3.8%, reaching a two-year high, with the previous value at 3.3%; the number of initial jobless claims in the U.S. for the week ending September 20 recorded 218,000, the lowest since the week of July 19, 2025, with the previous value revised from 231,000 to 232,000;
2. U.S. military aircraft were scrambled to intercept Russian military planes near Alaska;
3. #XPL is making waves online, with trading volume skyrocketing, and despite huge selling pressure, it can still maintain ATH; this is the charm of the leading track, even with 1u you can get a 10,000-dollar airdrop, everyone involved is stunned;
4. Last night, due to a system vulnerability, $aster, XPL is currently trading at $2 on Asterdex, causing a lot of people to get liquidated; however, the platform has already compensated, and the efficiency is still super high; (Compensation for the XPL perpetual contract incident has been fully distributed. All affected users have received USDT compensation directly in their accounts.)
5. Cloudflare has launched a new stablecoin, NetDollar, focusing on cross-network smart proxy trading;
6. lookonchain monitoring shows that in the past two days, 15 wallets received 406,117 ETH (worth $1.6 billion) from Kraken, GalaxyDigital, BitGo, and FalconX;
PS: The more you buy, the more it drops~
7. WLFI's official announcement states that the community has voted to use 100% of the WLFI treasury liquidity fees for buybacks and burns, and the team will start implementing this plan this week;
8. AlphaTON Capital raised $71 million, completing the first $30 million acquisition of TON tokens;
9. SharpLink Gaming is partnering with Superstate to issue tokenized stock SBET on Ethereum;
10. PayPal is using Spark to enhance PYUSD liquidity to $1 billion through DeFi lending, keep an eye on SPK price trends to see if the whales will make a move;
11. UXLINK will exchange 1 billion UXLINK tokens at a 1:1 ratio on the ETH mainnet. The new contract has canceled the burn mechanism;
12. Today's Alpha projects #Mira #hana, focus on them;
[Market Analysis] Bitcoin accelerated its decline last night due to macroeconomic reasons. The first reason is that employment numbers and the revised GDP data were better than expected, leading Wall Street to automatically lower the expectations for an interest rate cut in October. The second reason is that the U.S. Air Force intercepted Russian military aircraft in Alaska.
Bitcoin's daily level has deteriorated, and the 4-hour level also warned everyone yesterday. Currently, we are looking at whether the bottom support is around 108,000 or around 104,000. Altcoins should be cautious until the market stabilizes.
The tracks currently being filtered by the market are mainly DEX STABLE, with the leaders, second, and third in DEX already established. Now we are focusing on filtering the second, third, and fourth in the Stable track, with the leader undoubtedly being XPL;
[Risk Reminder] Digital assets are highly volatile and carry extreme risks. Please participate cautiously, avoid full-margin betting, and reject loan leverage.


⚡Good News: @sparkdotfi and PayPal are teaming up to increase the supply of PYUSD by $1 billion in the coming weeks!——
Many people's first reaction is "PYUSD is about to gain traction," but I am more concerned with the fact that Spark is turning "how to launch a stablecoin" into a standardized template.
In the past, a new stablecoin had to rely on market makers, exchanges, and subsidies to slowly push it through cold starts.
But Spark is using a reverse approach: with solid collateral assets and a lending market, it has directly built a "plug-and-play" supply and demand system for PYUSD.
Currently, the borrowing rate for PYUSD is only 2.29%, and the deposit pool has already accumulated $200 million, creating a natural positive cycle of funds.
I feel this model is more valuable than simply launching on a CEX, as it allows stablecoins to directly enter the blood circulation of DeFi.
Whoever can be integrated by Spark will quickly grow real use cases.
On a deeper level, this means:
Spark has already stepped out of the DAI/USDS self-loop and started to accommodate external stablecoins. This is a transformation of identity—evolving into the infrastructure of the entire stablecoin market.
Its own scale also supports this ambition: $8 billion in stablecoin locked, with daily revenue exceeding $600,000.
If this model proves successful, the competitive landscape of stablecoins may be rewritten, and whether one can enter Spark's circulation system might become a crucial dividing line for success.

Guides
Find out how to buy Spark
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Predict Spark’s prices
How much will Spark be worth over the next few years? Check out the community's thoughts and make your predictions.
View Spark’s price history
Track your Spark’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.

Spark on OKX Learn
PYUSD and PayPal Liquidity: How Spark’s DeFi Partnership is Revolutionizing Stablecoin Adoption
Introduction to PYUSD and PayPal Liquidity PayPal USD (PYUSD), a stablecoin issued by Paxos Trust Company, is revolutionizing the cryptocurrency landscape. Fully backed by U.S. dollar reserves and sho
Altcoin Market Insights: How Federal Reserve Policies Could Spark the Next 'Alt Season'
Understanding the Federal Reserve's Role in Cryptocurrency Markets The Federal Reserve's monetary policy decisions, including interest rate adjustments and quantitative tightening (QT), significantly
Altcoins to Watch: How the FOMC Meeting Could Spark a Major Rally
How the FOMC Meeting Could Impact Altcoins The Federal Open Market Committee (FOMC) meeting on September 16–17, 2025, is poised to be a pivotal event for the cryptocurrency market. With traders antici
Altcoin ETF Season: How Institutional Adoption Could Spark the Next Crypto Boom
Introduction to Altcoin ETF Season The cryptocurrency market is abuzz with excitement as the approval of altcoin-focused ETFs gains traction. With Bitcoin dominance waning and institutional capital in
Spark FAQ
Currently, one Spark is worth $0.0558. For answers and insight into Spark's price action, you're in the right place. Explore the latest Spark charts and trade responsibly with OKX.
Cryptocurrencies, such as Spark, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Spark have been created as well.
Check out our Spark price prediction page to forecast future prices and determine your price targets.
Dive deeper into Spark
Spark is a DeFi protocol empowering the USDS ecosystem, allowing users to earn yield on their stablecoins, participate in the USDS-centric money market, and allocate liquidity into other DeFi protocols to earn yield.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$97.25M #135
Circulating supply
1.74B / 10B
All-time high
$0.19354
24h volume
$231.43M

